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CBN Supplies $285.7m to Four Sectors

Posted by Finintell on Saturday, 28 October 2017

Nigeria’s central bank said it had injected $285.7 million into the interbank foreign exchange market on Friday to meet requests in four industries for dollars, extending efforts to boost liquidity and alleviate shortages.

The four industries targeted are agriculture, airlines, petroleum and raw materials, the Central Bank of Nigeria said in a statement.

The central bank will “continue to play its role in easing the foreign exchange pressure on manufacturing and agricultural sectors” through dollar sales, said the statement.